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Official procurement procedure

TfW Banking Services

Banking services
Wales (UKL)
Published value
Not published
Submission deadline Not published
Lots published1
Procurement Executive Summary
AI & Search Synopsis
Generated from official OCDS record
Tenderline Synopsis: Transport for Wales: "TfW Banking Services". Published status: complete. Published value: Value not published. 1 published lot. Submission deadline not published. See the official notice for participation instructions.
Contracting AuthorityTransport for WalesScope & CategoriesNot publishedSubmission Window
complete
No deadline published
Submission GatewayDirect notice routeLegal Basis & RegimeStandard procurementEstimated Value (exc. VAT)Not published
Bidder Intelligence · Authority Profile: Transport for Wales
Market Analytics
View Authority Profile →
Derived from OCDS awards & bid statistics
Published history for Transport for Wales. These figures describe retained records, not a forecast of bids or a measure of buyer bias.
Published-to-award variance
Not availableInsufficient comparable data
Requires at least 5 comparable procedures
Competition Density
5.7Bids / Report
19.2% of reports have one bid
Supplier ConcentrationNo estimate
Insufficient attributable awardsNo concentration estimate available
Payment Terms
Check noticePublished terms
Payment obligations depend on the applicable regime and contract. Consult the official documents.
Coverage: 53 active published awards; 52 bid reports (which may be per lot). Supplier values exclude multi-supplier awards, frameworks and DPS, and use GBP only. They are published award values, not payments. Published-to-award variance compares single-lot, single-award, single-supplier GBP procedures with explicitly non-framework/non-DPS status; increases remain in the average. Unpublished data stays unknown. Awarded suppliers are winners, not all bidders.
Procedure terms
Contracting AuthorityTransport for Wales
Procedure methodNot published
Procurement categoryNot published
Statuscomplete
Framework / DPSNot published
CompetitionNot published
Above thresholdNot published
Legal basisNot published
Tender period startsNot published
Clarification deadlineNot published
Electronic submissionNot published
Submission languagesNot published
Published26 Mar 2026, 11:54 GMT
Last source update26 Mar 2026, 11:54 GMT
Recurring procurementNot published
ClassificationBanking services
Delivery area
Wales (UKL)
OCIDocds-h6vhtk-04c8d7
What is being bought
We are looking to procure a contract that will deliver the banking services required for Transport for Wales (TfW) and its subsidiary organisations. TfW intends to award the contract by 1st April 2025. The new banking arrangements must be implemented and fully operational by 1st April 2026.
What changed
From the official release history
  1. Status changed to complete
    26 Mar 2026, 11:54 GMT
  2. Official notice release published
    26 Mar 2026, 11:54 GMT
  3. Submission deadline changed to published date
    26 Mar 2026, 11:54 GMT
  4. Status changed to active
    17 Jan 2025, 16:14 GMT
  5. Official notice release published
    17 Jan 2025, 16:14 GMT
  6. Submission deadline changed to 17 Feb 2025, 12:00 GMT
    17 Jan 2025, 16:14 GMT
  7. Status changed to planned
    17 Dec 2024, 15:30 GMT
  8. Official notice release published
    17 Dec 2024, 15:30 GMT
  9. Buyer information updated
    17 Dec 2024, 15:30 GMT
Lots and requirements (1)
Published by the contracting authority
  • Lot 1 · #1
    Individual lot title not published
    cancelled
    Published valueNot published
    We are tendering a banking services delivery partner to support Transport for Wales (TfW) and its subsidiary companies. TfW intends to award the contract by 1st April 2025 and the new banking arrangements must be implemented and fully operational by 31st March 2026. The contract will include full provision of money transition services – to include maintenance of bank accounts, cash and cheque handling, payment procession (domestic and international) and other services associated with public sector banking arrangements. An internet banking service for balance/transaction reporting and payment initiation will also be required.
    Contract periodNot published
    EligibilityNot published
    Options / renewalNot published
Timeline
  1. Procedure published
    26 Mar 2026, 11:54 GMT
  2. Award active
    Not published · Not published
  3. Contract active
    Signed 5 Dec 2025, 00:00 GMT · £1
Commercial outcome and competition
Awards
HSBC UK BANK PLC
Not published · Not published · active
Contracts
Contract
£1 · signed 5 Dec 2025, 00:00 GMT · active
Bid statistics
bids: 4 (lot 1)
electronicBids: 4 (lot 1)
foreignBidsFromEU: 0 (lot 1)
foreignBidsFromNonEU: 0 (lot 1)
smeBids: 0 (lot 1)
Buyer and organisations in this procedure

Transport for Wales

Contracting authority GB-FTS-4225
View buyer profile

  • Transport for Wales
    buyer
    centralPurchasingBody

    3 Llys Cadwyn, Taff Street, Pontypridd, UKL, CF37 4TH
    procurement@tfw.wales
    +44 2921673434

  • HSBC UK BANK PLC
    supplier

    5th Floor, 5 Callaghan Square, Cardiff, UKG31, CF10 5BT
    +44 7785778618

  • High Court
    reviewBody

    Royal Courts of Justice, The Strand, London, WC2A 2LL
    +44 2079477501
Documents (0)
Official links; attachments are not copied
No data
No linked documents are published
Related procedures (0)
No data
No related procedures published